IRS reviewed my return and found an error - TurboTax neglected to apply the lower tax rate for Qualified Dividends and Capital Gains. Per the Tax Smart Worksheet, TurboTax selected the “A1 Tax Table” to determine tax due, but should have selected “A4 Qualified Dividends and Capital Gains Tax Worksheet” since I entered interest and dividend income. I had no AMT or other offsets or phase-outs. Why did TurboTax make this error? How do I determine if IRS’s re-calculation of my tax due is correct?
